This saucer pattern occurred in a long time frame This saucer pattern occurred in a long time frame approx 7 year like reliance very good move after 5 year consolidation
ITC trade ideas
ITC chart analysis for swing trading ITC chart analysis for swing trading (15 min timeframe)
Entry & exits are given on chart.
only for learning, trade at your own risk.
ITC 1DITC gave good profit . I took the entry when there breakout happened at triangle and also at 1W time frame positive cross over took place also stochastic the same .
ITC forms a symmetrical triangle patternThe stock is currently under consolidation and we can see a formation of symmetrical triangle pattern.
On the upside, 275 and 282 are important hurdles to cross before any significant upward momentum.
On the downside, I see strong support at 258.
Important to note that the stock has found support at or near the 50 day EMA at every downside.
ITC is at Life time high Resistance nowITC reaches at it's life time high resistance level, now will it face some resistance or profit booking here. Last time it falls up to 240 level in 2017.
ITC - MAJOR BREAKOUT EXPECTEDA daily time frame candle close above 265 may trigger a major breakout in the much awaited stock. Chart is self explanatory, drawn in log scale
ITC SHORT NSE:ITC
ITC is continue increasing March month to till live technically monthly,day,weekly rsi is see overbought zone
First target - 280-285
Second target - 260
#itc Trade setupNSE:ITC
Whoever holding this stock from lower level, then can keep stop loss at 238(closing basis)
whoever want to take trade they need to understand first current candle and that's DOJI if break low then it might take next support at 238 and if break high of current DOJI then it will activate this harmonic chart and long side target would be 299 on trailing basis.
ones ITC activate this pattern one can short ITC if find reversal.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns .
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
ITC fallI'm new to smart money concepts but if a selling is seen in next 1-2 months,I see ITC falling to 135.
What do you guys think?
I'm wrong ?
What's going in ITC lets find it out!! - Long term viewToday I have covered the big buzz stock i.e. ITC.
In this analysis I have covered ITC in weekly & monthly Time Frame & tried to explain the overall structure, till now, including the possible movement of ITC Long term & short term view .
I hope you guys do like the analysis, if you are facing any doubt then please drop me comment I will try to explain further.
If you want to give any suggestions then please allow me to improve. Do comment! Thanks!!
ITC above 240 closing for tp 295-300ITC bullish above 240 closing for tp 295-300 sl 198 on monthly cb
Disclaimer: only for educational and learning purposes kindly consult your fa before any investment
ITC LONG TRADE 28JUL2022 EXPIRYITC has been in the bull run for almost a month
So I have planned a safe long trade for just 6 trading sessions
28JUL2022 280PE - ₹ 0.4
28JUL2022 255PE - ₹ 0.1
Max Profit-1.20%
Margin required for 1 lot - ₹ 80234
ITC - VIEW sharing my ITC view - LONG position -
eyes on target 305-310
disclaimer - for study purpose only
ITC - Bowl Formation ITC : Imperial Tobacco Company
ITC - This stock needs no introduction to investors community on fundamental side and stressful community on traders side
Why this post ?
There was a decent Rounding Bowl Formation near completion on weekly charts which i thought of sharing with my Trading View community.
Some Analysis what i foresee going forward
I am of view that once the bowl formation is completed around in between 303-313 range this stock has very less potential to go in new territory for many weeks (this is my premature assumption as of now) :)
Chintamani :)
Disclaimer
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Sell ITC with Strict Stop loss 1. weekly selling zone
2.daily selling zone
3. Bearish engulf
stop loss - 296
target - 272
ITC LTD: Strong BuyNSE:ITC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 343.55
Target 1: 297.25
Stop Loss: 282.55
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Buy @282 After Retrace.297 is weekly pivot point resistance and it may resist the trend to continue. Few buyers would also try and book profits. Wait for the reversal and then buy.
PRO:
- Strongly bullish.
- Forming higher high.
- Trending above trendlines.
- Strong RSI.
CONS:
- Near Resistance point.-
- Profit booking may start soon.
ENTRY: 282
TARGET: 308
SL: 277
ITC LTD_CHANNEL BREAKOUT BullishITC LTD looking good for short term bullish. In daily chart, breakout happened in minor trend. keep concentrate if price sustain above 271.
ITC CAN GO STRONGLY UPSIDE!As you can see ITC formed leading diagonal in a monthly chart and gives a breakout upside. ITC completed it's 1st and 2nd wave and it's now in 3rd wave of monthly chart. The first Target of ITC will be 387 and second Target 417. We can see a very strong upside movement in ITC.
ITC what halted it in 290-293?simply it is the weekly trend line.
of course it is going to cross this trend line this time.
I had asked to book profit to all option buyers at the touch of that trend line.
I had posted about ITC some days back.
its target 1 and target 2 has been achieved,
Please go through my previous post of ITC.
Don't forget to like this post.
follow me to get updates.
Can we see some correction in ITC ?All the levels are marked on the chart.
*Even if the price hits the stoploss can plan for reentry if RSI goes into overbought levels near the supply zone and with confirmationof any reversal pattern.
Disclaimer: Only for educational purpose, not any kind of buy or sell suggestion.
This may be possible but not sure :)I just copied the trend from earlier reversal. Hope to get the same. This is just my level understanding however you can have your own.
